Bill > S2993

This bill prohibits a motor vehicle liability insurance policy from restricting the full payment of recovery amounts under a covered person's policy. Specifically, the bill prohibits a policy from limiting the amount that can be recovered by a person insured under the policy, whether they are a named insured or a permissive user, to less than the maximum recovery limit provided in the policy for bodily injury liability, property damage liability, uninsured and underinsured motorist coverage, and medical payments coverage. If the policy insures more than one private passenger automobile, the limits available to the permissive user will be the limits associated with the vehicle used when the loss occurs. The bill defines a "permissive user" as a person who has been granted permission by the vehicle owner, but is not named on the vehicle's insurance policy, to temporarily operate the vehicle.

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https://www.njleg.state.nj.us/bill-search/2024/S2993